Mitsubishi UFJ Asset Management Co. Ltd. Has $79.08 Million Stake in Wabtec $WAB

Key Points

• Mitsubishi UFJ Asset Management increased its stake in Wabtec by 8.7% in Q4 to 365,632 shares valued at $79.08 million, about 0.21% of the company.
• Analysts are largely positive on Wabtec — 10 Buy ratings vs. 2 Holds — with a consensus rating of "Moderate Buy" and an average price target of $289.82.
• Wabtec beat Q1 EPS estimates ($2.71 vs. $2.62), reported 13% revenue growth, set FY2026 guidance of 10.250–10.650 EPS, and authorized a $1.20 billion share buyback (~2.9% of shares).

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Wabtec (NYSE:WAB - Free Report) by 8.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 365,632 shares of the transportation company's stock after purchasing an additional 29,351 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.21% of Wabtec worth $79,079,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. CI Investments Inc. increased its holdings in shares of Wabtec by 6.1% in the 3rd quarter. CI Investments Inc. now owns 865 shares of the transportation company's stock valued at $173,000 after purchasing an additional 50 shares during the period. Carnegie Investment Counsel increased its holdings in shares of Wabtec by 2.6% in the 4th quarter. Carnegie Investment Counsel now owns 2,051 shares of the transportation company's stock valued at $438,000 after purchasing an additional 51 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Wabtec by 1.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 4,082 shares of the transportation company's stock valued at $818,000 after purchasing an additional 54 shares during the period. Blue Trust Inc. increased its holdings in shares of Wabtec by 11.1% in the 4th quarter. Blue Trust Inc. now owns 549 shares of the transportation company's stock valued at $117,000 after purchasing an additional 55 shares during the period. Finally, True Wealth Design LLC increased its holdings in shares of Wabtec by 13.9% in the 4th quarter. True Wealth Design LLC now owns 460 shares of the transportation company's stock valued at $98,000 after purchasing an additional 56 shares during the period. Institutional investors and hedge funds own 91.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on WAB shares. Rothschild & Co Redburn upgraded Wabtec from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $262.00 to $285.00 in a report on Thursday, March 26th. Wall Street Zen downgraded Wabtec from a "buy" rating to a "hold" rating in a report on Saturday, March 14th. Stephens increased their price objective on Wabtec from $230.00 to $290.00 and gave the stock an "overweight" rating in a report on Thursday, February 12th. Citigroup increased their price objective on Wabtec from $283.00 to $292.00 and gave the stock a "buy" rating in a report on Thursday, April 9th. Finally, Susquehanna restated a "positive" rating and issued a $305.00 price objective on shares of Wabtec in a report on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Wabtec currently has a consensus rating of "Moderate Buy" and an average price target of $289.82.

Wabtec Trading Down 1.8%

NYSE:WAB opened at $265.63 on Friday. The stock's 50 day moving average price is $255.33 and its 200 day moving average price is $232.72. Wabtec has a 52 week low of $184.26 and a 52 week high of $275.84. The company has a market capitalization of $45.07 billion, a P/E ratio of 37.57, a P/E/G ratio of 1.94 and a beta of 0.97. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 1.02.

Wabtec (NYSE:WAB - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.62 by $0.09. The firm had revenue of $2.95 billion during the quarter, compared to analysts' expectations of $3.08 billion. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The company's revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. On average, research analysts forecast that Wabtec will post 10.61 EPS for the current fiscal year.

Wabtec announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 11th that authorizes the company to buyback $1.20 billion in shares. This buyback authorization authorizes the transportation company to reacquire up to 2.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Insider Activity

In other Wabtec news, CFO John A. Olin sold 11,000 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $263.30, for a total transaction of $2,896,300.00. Following the completion of the sale, the chief financial officer owned 60,487 shares of the company's stock, valued at $15,926,227.10. This represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nalin Jain sold 7,936 shares of the company's stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $264.09, for a total value of $2,095,818.24. Following the sale, the insider directly owned 6,364 shares of the company's stock, valued at $1,680,668.76. The trade was a 55.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 93,527 shares of company stock valued at $24,829,287. Insiders own 0.57% of the company's stock.

Wabtec Company Profile

Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec's business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.

Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.

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